How Will Brexit Affect the Property Market?
With Brexit scheduled to go ahead on Friday 31st January, we ask the question: What will Brexit mean for the property market?
While it’s impossible to predict the future, it’s possible that the result from the recent election could boost public confidence in the property market, especially amongst those who were waiting for the political situation to become clearer before buying or selling their home.
Indeed, those who have stalled over the last few years are likely to start putting their plans into motion, which could lead to an increase in house prices.
However, while it’s fairly clear the UK will depart the EU at the end of January, there is still a lot of negotiation left when it comes to the UK-EU deal, which means our prediction remains cautious.
For first time buyers, the ongoing instability and concern about house prices can be of concern. However, all is not lost. Shared Ownership allows potential homeowners to get their foot on the ladder with a limited deposit – minimising the financial risk. In many cases, the monthly outgoings with Shared Ownership are lower than when renting privately.
Plus, if you are concerned about the price of your new home, you can rest assured that the prices of all our Shared Ownership homes are independently assessed by RICS.
If this sounds appealing, then you can visit our website to view our wide range of homes, from coastal retreats to contemporary, urban apartments.
Are you looking for a stylish and modern home in London or the South East?
Southern Home Ownership is dedicated to providing stylish, high quality and contemporary new homes for sale on a Shared Ownership basis.
We have a great selection of properties available for first time buyers in London, available through Shared Ownership.
If you're a first-time buyer and interested in owning a Shared Ownership property in London or the South East, then take a look at our range of developments.